Cost of the asset$100,000
Life of the asset 5 years
Depreciation rate20%
Capital cost allowance rate 50%
Residual value of the asset nil
Income tax rate 50%
-What is the correct date line for a statement of financial position?
A) as at December 31, 2013
B) from December 31, 2013
C) for the accounting year ended December 31, 2013
D) for the year ended December 31, 2013
Correct Answer:
Verified
Q88: Cost of the asset$100,000
Life of the
Q89: Cost of the asset$100,000
Life of the
Q90: Cost of the asset$100,000
Life of the
Q91: Cost of the asset$100,000
Life of the
Q92: Cost of the asset$100,000
Life of the
Q94: Cost of the asset$100,000
Life of the
Q95: Cost of the asset$100,000
Life of the
Q96: Cost of the asset$100,000
Life of the
Q97: Cost of the asset$100,000
Life of the
Q98: Cost of the asset$100,000
Life of the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents